Details
This book explores the key issues of the Chinese economy during its transition to a market and industrialized economy, and provides solid theoretical foundations and insightful policy guidelines to resolve these issues. Through examining the interrelationship between the government, enterprises and the market, the book presents an in-depth discussion on resource allocation, industrial structure, institutional innovation and economic fluctuation in current Chinese economy under the condition of disequilibrium. It allows readers to retrace the innovative and bold contributions. Professor Li has made to the success of China's economic transition.
About the Author
Li Yining, professor of economics and honorary dean of Peking University Guanghua School of Management, is a highly regarded economist who has been involved in economic reforms in China. He is credited as developing an imbalanced economy theory that used research on economic practices between China and other countries. A preeminent proponent of market economy, Professor Li’s theories have had an enormous influence on China’s economic reform policy over the last three decades.
Table of Contents
Preface
Foreword
Chanter 1 Exnloring the Issues in Resource Allocation
1.1 Resource Allocation in the Socialist Economy From the Perspective of Disequilibrium
1.2 Resource Misallocation and Potential Stagflation in the Socialist Economy
Chanter 2 Market Regulation and Resource Allocation
2.1 Market Selection and Market Guidance
2.2 Investment Principal, Investment Behavior, and Resource Allocation
2.3 Consumption Principal, Consumption Behavior, and Resource Allocation
2.4 Market Self-Regulation During Resource Allocation
Chanter 3 Government Regulation and Resource Allocation
3.1 The Meaning of Government Regulation
3.2 Nonidealized Government Behavior and Its Impact on Resource Allocation
3.3 The Appropriateness and Optimization of Government Behavior During Resource Allocation
Chanter 4 The Mechanism of the Operation of the Economy
4.1 Dual Mechanism of the Operation of the Economy
4.2 Frictions in the Operation of the Economy
Chapter 5 Rationing Equilibrium of the Commodity Market
5.1 Commodity Market Equilibrium with Quantity-Price Adjustment
5.2 Applying Quantity-Price Adjustment Measures in the Commodity Market
Chapter 6 Easing Supply and Demand Mismatch Under Economic Diseouilibrium Conditions
6.1 The Counter Effects of Government Price Adjustment
6.2 Reforming the Enterprise Operation Mechanism
Chapter 7 Industrial Restructuring
7.1 Domestic Source of Funding for Industrial Restructuring
7.2 Industrial Restructuring and Long-Term Orientation of Corporate Behavior
7.3 Industrial Restructuring and Unbalanced Economic Growth
Chapter 8 Government Regulation of Agriculture
8.1 Demand and Supply of Agricultural Products Under Disequilibrium Conditions
8.2 Trend of Balanced Demand and Supply of Agricultural Products
Chapter 9 Establishing the Order of the Socialist Commodity Economy
9.1 Establishing the Order of the Socialist Commodity Economy: Necessity and Difficulty
9.2 Interest Adjustment During the Process of Establishing the Order of the Commodity Economy
Chapter 10 The Standardization of Institutional Innovation
10.1 The Role of the Government in Standardizing Institutional Innovation
10.2 The Standardization of Institutional Variation and Institutional Innovation
Glossary
Sample Pages Preview
Buyers have many alternatives.If a commodity buyer is a person, he or she can also choose to postpone consumption to a later time, i.e., a decision on consumption and savings.These are the characteristics of the commodity market.Other markets do not necessarily have these characteristics.The reason is that there are relatively few different types of "commodities" in the money market, labor market, or real estate market, and substitutions between
